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Palantir Technologies Inc.’s Stock Price Dips to $64.29, Marking a 4.42% Decrease: Is It Time to Buy?

By January 14, 2025 No Comments

Palantir Technologies Inc. (PLTR)

64.29 USD -2.97 (-4.42%) Volume: 61.0M

Palantir Technologies Inc.’s stock price is currently at 64.29 USD, experiencing a drop of 4.42% in this trading session with a trading volume of 61.0M. Despite the recent dip, the year-to-date percentage change indicates a decline of 15.73%, reflecting a volatile market for PLTR.


Latest developments on Palantir Technologies Inc.

Palantir Technologies stock experienced a volatile day as it, along with Nvidia and Rigetti Computing, faced a significant drop in value. Despite recent struggles, the company has seen impressive growth, with a surge of 340% in 2024. Investors are closely watching as the company sets its Q4 2024 earnings date for February 3rd. While some analysts remain cautious, others like Jim Cramer are bullish on Palantir’s potential upside. However, recent insider selling and profit-taking actions by investors like Cathie Wood have added to the uncertainty surrounding the stock. With mixed opinions on the future of Palantir Technologies, the market remains divided on whether now is the right time to buy or sell.


Palantir Technologies Inc. on Smartkarma

Analysts on Smartkarma have provided insights on Palantir Technologies. Dimitris Ioannidis is bullish on the company, anticipating it to be the largest addition to the Nasdaq100 following a listing transfer. Super Micro Computer is projected to exit the index, while ARM Holdings is expected to remain due to special ADR market cap treatment. Equinix Inc is not expected to be added. On the other hand, Travis Lundy takes a bearish stance, noting that Palantir has been added to the S&P 500/400/600 indices, along with DELL and ERIE, while AAL, ETSY, and BIO have been deleted. The history of these changes is emphasized as crucial.

Meanwhile, Brian Freitas is bullish on Palantir, highlighting its addition to the S&P indices after a long wait. He mentions significant buying opportunities in Apple due to a float increase. Baptista Research also takes a bullish view, considering Palantir as an AI powerhouse in the data analytics and artificial intelligence space. The company’s strong revenue growth and focus on leveraging AI to solve complex problems are seen as positive factors. However, Value Investors Club presents a bearish outlook, noting competition in the commercial sector that may impact Palantir’s stock performance.


A look at Palantir Technologies Inc. Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth4
Resilience5
Momentum5
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Palantir Technologies, a company that develops software for analyzing information, has received favorable scores across multiple factors according to Smartkarma Smart Scores. With high scores in Growth, Resilience, and Momentum, the long-term outlook for the company appears to be promising. This suggests that Palantir Technologies is well-positioned to continue expanding, adapting to challenges, and maintaining its current positive momentum in the market.

Despite receiving lower scores in Value and Dividend, Palantir Technologies’ overall outlook remains strong based on the Smartkarma Smart Scores. The company’s focus on innovation and ability to withstand economic uncertainties, as indicated by its high Resilience score, bodes well for its future performance. With a solid foundation in analyzing various types of data, Palantir Technologies is poised to continue serving its global customer base effectively.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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